Life Insurance

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Life Insurance Basics: Term vs. Whole Life

Life Insurance Basics: Term vs. Whole Life

Term life insurance is usually defined or described as pure protection against the risk of premature death. In exchange for an annual or other periodic premium, the insurer agrees to pay the fact amount of the policy (such as $100,000) if the insured dies while the policy is in force. That, more or less, is […]

Tax Benefits of Life Insurance

Tax Benefits of Life Insurance

Insurance textbooks tell us that the primary purpose, if not the sole purpose, of property and casualty insurance is to indemnify the insured against physical and financial losses. In plain English, this means that the insured is supposed to be “made whole” but is not supposed to make any profit. There are only a few […]